Life-threatening flash flooding hit the New York City area Friday as remnants of Tropical Storm Ophelia pummeled the heavily saturated region with several inches of rain in mere hours.
New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.